So, what’s up in China? 🇨🇳 Issue 105, covering 22 – 28 November.

1.Pinduoduo’s active buyers reached 867 million this year, an increase of 19% yoy. (China internet watch)

2.Meituan released its financial Q3 results. Its revenue reached 48.829 billion yuan ($7.6 billion), an increase of 37.9% over last year.(Pandaily)

3. The two livestreamers, Zhu Chenhui and Lin Shanshan, were fined RMB 65.5 million (USD 10 million) and RMB 27.7 million (USD 4.34 million), respectively, for declaring personal wages as corporate income.(KrAisa)

4. The personal money reception codes on mobile payment platforms will be gradually limited from use in business operations in China. Small and micro businesses will need to adjust. (Pandaily)

5.  Bilibili has obtained an online payment license after acquiring a majority stake in an online payment company, in preparations to launch its own e-payment service for its 223 million monthly active users. (Dao insights)

6. At least 11.6 million more children were born in China in 2000-2010 than were counted in the 2010 census, official data reveals. (Bloomberg)

7. A record number of Chinese are sitting the national civil service examination this year, in hopes of landing a secure government job. More than 2.12 million registered for ‘guokao’ exam. (South China morning post)

8. China establishes anti-monopoly bureau to secure fair competition, especially among the tech giants. (China Daily)

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